Sunrise Energy Metals Limited · ASX:SRL
Sunrise Energy Metals — Clean TeQ Holdings — Investor Presentation (February 2018)
28 slides from Sunrise Energy Metals's investor presentation, February 2018
Slide 1: Critical Raw Materials for the Battery Revolution
CRITICAL RAW MATERIALS FOR THE BATTERY REVOLUTION INVESTOR PRESENTATION FEBRUARY 2018
Slide 2: Disclaimer
DISCLAIMER IMPORTANT INFORMATION This presentation has been prepared by the management of Clean TeQ Holdings Limited (the ‘Company’) in connection with meetings with investors and potential investors and not as specific advice to any particular party or person. The information is based on publicly a
Slide 3: Company Overview
COMPANY OVERVIEW SUNRISE PA G E 2
Slide 4: Senior Management
SENIOR MANAGEMENT EXPERTISE WHERE HIGH-TECH MEETS RESOURCE DEVELOPMENT MANAGEMENT TEAM Sam Riggall CHIEF EXECUTIVE OFFICER Ben Stockdale Tim Kindred Willem Vriesendorp CHIEF FINANCIAL OFFICER OPERATIONS DIRECTOR GENERAL MANAGER WATER DIVISION BOARD Robert Friedland Zhaobai Jiang CO-CHAIR AND CO-CHAI
Slide 5: Investment Highlights
INVESTMENT HIGHLIGHTS METALS Clean-iX® WATER Development of the Clean TeQ Sunrise Innovative and low-cost solutions to treat ION EXCHANGE Ni-Co-Sc Project to supply the rapidly waste water streams for potable use expanding lithium-ion battery industry TECHNOLOGY and recycling applications CLEAN TEQ
Slide 6: Recent Developments
RECENT DEVELOPMENTS ACCELERATING THE DEVELOPMENT OF CLEAN TEQ SUNRISE ✓ Mining Leases granted for Sunrise Project Clean TeQ Share Price march 2017 February 2018 A$ per share ✓ MLA banks appointed to arrange project $1.80 debt funding march 2017 December 2017 $1.60 ✓ Upgraded mineral resource confirm
Slide 7: Near-Term Objectives
NEAR-TERM OBJECTIVES FAST-TRACK SUNRISE TO MEET DEMAND FOR CATHODE MATERIALS 01 Complete the Definitive Feasibility Study in Q2 2018 02 Secure further offtake agreements with strategic counterparties during 2018 03 Continue progress towards fully financing Sunrise 04 Optimise development plan to acc
Slide 8: Cathode Market
CATHODE MARKET SUNRISE PA G E 7
Slide 9: Cathode Market: Significant Raw Materials Shortage
CATHODE MARKET SIGNIFICANT RAW MATERIALS SHORTAGE FOR BATTERY SECTOR ▪ The outlook for Electric Vehicles (EVs) is 2017 Global Nickel Production compelling, with significant investment in the Chinese and European production Low grade nickel products High purity (+99% Ni) nickel products capacity ▪ Fe
Slide 10: Industry Demanding Metal Salts
INDUSTRY DEMANDING METAL SALTS SULPHATES ARE THE KEY RAW MATERIALS ▪ High purity cobalt Cobalt Sulphate sulphate and nickel sulphate in demand from cathode precursor manufacturers ▪ Clean TeQ Sunrise has Nickel Sulphate the ability to produce high purity sulphate products without costly intermediate
Slide 11: Clean TeQ Sunrise
CLEAN TEQ SUNRISE SUNRISE PA G E 1 0
Slide 12: Clean TeQ Sunrise
CLEAN TEQ SUNRISE ADVANCED DEVELOPMENT PROJECT LOCATED IN NSW ▪ 100% owned by Clean TeQ and located Sunrise 350km west of Sydney in an established Project mining region ▪ Laterite (iron-hosted) mineral resource, rich in nickel, cobalt and scandium ▪ Uniquely positioned as one of the largest and high
Slide 13: Known Geology
KNOWN GEOLOGY ONE OF AUSTRALIA’S LARGEST UNDEVELOPED NICKEL-COBALT RESOURCES ▪ Over 1,300 drill holes provide for strong geological Ore Reserves Estimate1,3 understanding of the resource Classification Mt Ni % Co % ▪ The resource is shallow (5m to 40m) and extends Proved 55 0.71 0.10 over a 2km hori
Slide 14: Simple Low Risk Mining Operation
SIMPLE LOW RISK MINING OPERATION SIMPLE AND LOW COST OPEN-PIT MINING AT SHALLOW DEPTHS ▪ Shallow deposit allows for simple strip-mining method and is amenable to free digging, with minimal grinding and beneficiation ▪ Low average strip ratio ▪ Average C1 operating cash cost of US$3.86/lb nickel or U
Slide 15: Clean-iX Processing
CLEAN-iX® PROCESSING SULPHATE FROM PRIMARY ORE PROCESSING ▪ Clean–iX® process removes Ore Leach Slurry High Concentration Nickel / Cobalt Nickel & Cobalt Solution Sulphates intermediate processing steps ▪ Large scale pilot plant located HPAL Ion Exchange Purification / SX in Perth to simulate the en
Slide 16: 2016 PFS Highlights
2016 PFS HIGHLIGHTS LARGE, LOW-COST AND WITH ATTRACTIVE ECONOMICS ▪ NI 43-101 Technical Report completed in ✓ Nickel sulphate production1 85.1ktpa October 2017 demonstrated highly favourable ✓ Contained nickel production1 18.7ktpa economics ✓ Cobalt sulphate production1 15.3ktpa ▪ Processing of 2.5M
Slide 17: 2016 PFS Highlights (cont.)
2016 PFS HIGHLIGHTS (CONT.) Q1 COST POSTION WITH MEANINGFUL EXPOSURE TO CO AND NI Production Profile1 Global Nickel C1 Cash Cost Curve3 After co-credits Cobalt grade increase from LOM REVENUE2 40 recent resource update Spot prices 10.0 provides potential to 35 increase annual cobalt 8.0 Metal equiva
Slide 18: Offtake / Customer Strategy
OFFTAKE / CUSTOMER STRATEGY BINDING OFFTAKE AGREEMENT WITH BEIJING EASPRING SEEKING ADDITIONAL CONTRACTS IN 2018 ▪ Clean TeQ has agreed a binding five year offtake with Beijing Easpring for 20% of future production Binding five-year offtake agreement for 20% of cobalt and ✓ nickel sulphate productio
Slide 19: Project is Development Ready
PROJECT IS DEVELOPMENT READY KEY PERMITS OPERATIONAL NEAR-TERM OBTAINED READINESS OBJECTIVES STUDIES WATER POWER & GAS OFFTAKE Prefeasibility study The Project has a Power and gas are Binding offtake DFS FUNDING completed 3.2GLpa water within close signed with Beijing Complete Definitive Continue pr
Slide 20: Appendix
APPENDIX SUNRISE PA G E 1 9
Slide 21: Company Overview
COMPANY OVERVIEW CLEAN TEQ MISSION CAPITAL STRUCTURE ASX/TSX code CLQ Clean TeQ seeks to own, joint venture or develop assets where the application of our technical approach unlocks significant value Share Price (14 February 2018) A$1.26 Shares 590.4 M Clean TeQ targets metals that are highly geared
Slide 22: Scandium
SCANDIUM A NEW GENERATION OF LIGHTWEIGHT ALLOYS ▪ Sunrise is one of the world’s largest and Airbus Group’s Light-rider highest grade scandium resources ▪ Scandium is used to provide next generation lightweight aluminium alloys for key transportation markets ▪ Clean TeQ continues to promote the use a
Slide 23: Reserves and Resources
RESERVES AND RESOURCES COMPETENT & QUALIFIED PERSON CONSENTS The information in this document that relates to nickel-cobalt Mineral Resources from the 2016 Pre Feasibility Study is based on information compiled by Diederik Speijers and John McDonald, who are Fellows of The Australasian Institute of
Slide 24: Reserves and Resources
RESERVES AND RESOURCES COMPETENT & QUALIFIED PERSON CONSENTS Lynn Widenbar, Principal Consultant (Widenbar & Associates), BSc (Geology)(Hons), MSc (Mineral Exploration) (Hons), DIC, MAusIMM, MAIG, by virtue of his education, membership of a recognised professional association and relevant work exper
Slide 25: Notes
NOTES SUNRISE PAGE 24 CLEAN sant E Q fon
Slide 26: Notes
NOTES SUNRISE PAGE 25 CLEAN sant E Q fon
Slide 27: Notes
NOTES SUNRISE PAGE 26 CLEAN sant E Q fon
Slide 28: Sam Riggall, Chief Executive Officer
Sam Riggall Clean TeQ Holdings Limited Chief Executive Officer 12/21 Howleys Rd Notting Hill VIC 3000 M: +61 3 9797 6700 AUSTRALIA E: sriggall@cleanteq.com www.cleanteq.com SUNRISE PA G E 2 7
Clean TeQ Holdings — Investor Presentation (February 2018) on 6ix